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Wednesday, 31 July 2019

Samsung Electronics (Implication: Trade War is Over): 31 July 2019, Wednesday


Samsung Electronics (Listed in Korea and UK-London):
31 July 2019, Wednesday
(Click on the Technical Chart Above to Expand)

Attached is the Technicals for Samsung Electronics. The corrective wave has ended with a break-up in the orange circled region as shown. The impulsive wave as illustrated is resuming. This also has certain implications. In the chips, technology (TECH) and electronics industries, the impulsive wave up is resuming now. While the world of silly herd is selling because the media tells you that recession is coming, the world of highly intelligent smart monies are buying from you -- in the financial markets. While you sell on bad news, professionals buy on bad news strategically. The worst is finally over for chips, semiconductor and hardware-electronics sectors. The trade war is no more.

Donovan Norfolk Technical Rating for Worldwide Equity Markets:
Bullish

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